Nebraska Statutes

§ 21-227 — General powers

Nebraska·Ch. 21 Corporations and Other Companies

(MBCA 3.02) Unless its articles of incorporation provide otherwise, every corporation has perpetual duration and succession in its corporate name and has the same powers as an individual to do all things necessary or convenient to carry out its business and affairs, including without limitation power:

(1)To sue and be sued, complain, and defend in its corporate name;
(2)To have a corporate seal, which may be altered at will, and to use it, or a facsimile of it, by impressing or affixing it or in any other manner reproducing it;
(3)To make and amend bylaws, not inconsistent with its articles of incorporation or with the laws of this state, for managing the business and regulating the affairs of the corporation;
(4)To purchase, receive, lease, or otherwise acquire and own, hold, improve,

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Related

In re William R. Zutavern Revocable Trust
309 Neb. 542 (Nebraska Supreme Court, 2021)
12 case citations

Legislative History

Source: Laws 2014, LB749, § 27; Laws 2016, LB794, § 4.

Nearby Sections

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